Turkey ranks 17 on int’l gold reserve list

ISTANBUL – Hürriyet Daily News

Turkey slid into 17th place with 319.9 tons gold in the World Gold Council’s list of gold reserves as of October 2012. Turkey saves 15.1 percent of its foreign reserves in gold, according to statistics.

The United States tops the list, which was formed with data taken from the International Monetary Fund’s International Financial Statistics (IFS). The leading country holds 8,133.5 tons of reserve in gold, which is 76.1 percent of total foreign reserves.

The U.S is followed by Germany with 3,391.3 tons of gold reserves and by IMF with 2,814 tons.

The statistics also displays the amount of the gold reserves in the world and in the eurozone. According to the table, there are a total of 31,491.1 tons of gold reserves in the world while 10,783.3 tons in the eurozone, including the reserves of the European Central Bank.

The International Financial Statistics table does not list all gold holders: countries that have not reported their gold holdings to the IMF in the last six months are not included, while other countries are known to hold gold but they do not report their holdings publicly.